China Housing Prices Decline

Accelerating Fall in Sector Signals Government Efforts Are Working, but Raises Fears About Growth

By

Dinny McMahon,

Esther Fung and

James T. Areddy

November 8, 2011

BEIJING—A decline in China's property prices is picking up steam, suggesting Beijing has had some success in taming housing costs, while also raising concerns that prices could drop too far and fast when the rest of the world is relying on the country as an engine of growth.

House prices were flat or falling in a majority of China's top cities, weekly data released Monday show. The weekly data, though volatile, add to evidence that...